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Canada's TD Bank quarterly profit falls on US business weakness
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Canada's TD Bank quarterly profit falls on US business weakness
Dec 5, 2024 4:24 AM

Dec 5 (Reuters) - Canada's second-biggest lender TD Bank

reported a fall in fourth-quarter profit on Thursday,

hurt by weakness in its U.S. business due to the impact of

anti-money laundering issues.

The bank's adjusted net income fell to C$3.21 billion

($2.28 billion), or C$1.72 per share, in the three months ended

Oct. 31, from C$3.49 billion, or C$1.82 per share, a year

earlier.

($1 = 1.4054 Canadian dollars)

(Reporting by Arasu Kannagi Basil in Bengaluru; Editing by

Shinjini Ganguli)

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